Zinc Prices Surge Past 1 Percent in Futures Trading
Zinc Futures Rise Driven by Overseas Demand
New Delhi, March 27 – Zinc prices saw a significant increase on Friday, climbing by more than 1 percent to Rs 313.65 per kilogram in futures trading. The rise was primarily attributed to strong performance in overseas markets.On the Multi Commodity Exchange (MCX), zinc for April delivery increased by Rs 3.80, or 1.23 percent, to Rs 313.65 per kg. Trading volume reached 2,165 lots.
Analysts cited fresh buying activity from traders, bolstered by firm global trends, as the catalyst for the upward price movement.
Overseas, zinc futures on the London Metal Exchange (LME) rose by USD 11.40, or 0.37 percent, to USD 3,098.65 per metric tonne. This international development positively impacted domestic market sentiment.
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